- Investor
4 CONSIDERATIONS FOR BUDGETING FOR A SPACE FOR YOUR NEW BUSINESS
I heard that there is a new business owner reading thins that is planning to lease a space for their new venture… Here are four key considerations to keep in mind when calculating how much rent will cost:
- Location – Prime locations cost more but can drive more foot traffic.
- Size – Bigger spaces offer more room but increase the rent and utility expenses.
- Lease Length – Longer leases might offer lower monthly rates but require a longer commitment.
- Hidden Costs – Don’t forget about maintenance, insurance, and possibly shared space fees, which can add up.
Ready to find the perfect spot for your business without breaking the bank? Let’s discuss how to maximize your budget and make smart choices! Send me a DM today.
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